Western countries have given prior verbal consent to the transfer to Ukraine of Russian gold reserves and foreign exchange frozen abroad.
Ukraine intends to invite its allies to vote in the UN General Assembly a resolution on the confiscation of Russian assets as reparations for the unleashed war. On Sunday, September 18, The Guardian wrote.
“Ukraine will make a proposal to create an international compensation mechanism, based on which it will be possible to confiscate frozen Russian assets,” the statement said.
According to the publication’s sources, senior representatives of the Ministry of Justice of Ukraine have already discussed this issue in London with the leadership of the British Foreign Office.
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In addition, similar discussions were held by the Ukrainian side with colleagues in Germany, France and other EU countries, as well as with Assistant Secretary of the Treasury Elizabeth Rosenberg.
As the publication recalls, the previous US Treasury Secretary Janet Yellen said that the current law in the country does not allow Washington to collect reparations from the Russian Federation, because the United States is not a participant in the war.
The reparations were supported in a joint statement by the finance ministers of Estonia, Latvia, Lithuania and Slovakia. Liz Truss, in her capacity as Foreign Minister, has expressed support in principle for this idea.
The sanctions law in the UK and Europe allows states to freeze the assets of the Russian Central Bank and some oligarchs, but does not provide for permanent arrest, not to mention their unilateral transfer to Ukraine Recovery Fund.
Earlier, Justice Minister Denys Malyuska said that Western countries had given preliminary oral consent to the transfer of Russian gold and foreign exchange reserves frozen abroad to Ukraine. According to Malyuska, the mechanism will provide for the conclusion of an international agreement open for signature, which will remove sovereign immunity from the properties of the Russian Federation and transfer them to Ukraine.
Note that Ukraine expects to receive at least $300 billion in reparations from Russia.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.